The Clwyd Pension Fund has committed an additional 8% to hedge fund strategies, HFMWeek reports. The Flintshire County Council fund has awarded a 3% macro tactical asset allocation mandate to BlueCrest and a 5% long/short equity mandate to Duet.
The new allocations will not be included in the $1.6 billion fund’s hedge fund portfolio, but in global equities and tactical asset allocation. Clwyd has already invested 5% with two funds of hedge funds, LiongateCapital Management and SSARIS.
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